Tough Times For ABIT

@ 2005/12/29

ABIT is trying to get back on its feet by selling off assets to pay off outstanding debt. The company’s worth has fallen to $51 million compared to $325 million a year ago and there are also issues with Taiwan’s securities regulatory agency. The regulatory agency has asked ABIT to resubmit financial statements from 2003, 2004 and part of 2005 to the TSE or face being delisted.